M&A Deal Summary

Markel Acquires Nephila Capital

On August 31, 2018, Markel acquired insurance company Nephila Capital

Acquisition Highlights
  • This is Markel’s 9th transaction in the Insurance sector.
  • This is Markel’s 2nd transaction in Bermuda.

M&A Deal Summary
Date 2018-08-31
Target Nephila Capital
Sector Insurance
Buyer(s) Markel
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)
Willkie Farr & Gallagher (Legal)

Target

Nephila Capital

Hamilton, Bermuda
website
Nephila Capital Ltd. is an investment manager specializing in reinsurance risk. Nephila offers a broad range of investment products focusing on instruments such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. Nephila Capital was formed in 1997 and is based in Hamilton, Bermuda.

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Buyer(S) 1

Buyer

Markel

Glen Allen, Virginia, United States

website

Category Company
Founded 1930
Sector Insurance
Employees20,300
Revenue 11.8B USD (2022)
DESCRIPTION

Markel is a diverse financial holding company serving a variety of niche markets through underwrites specialty insurance products. Markel was founded in 1930 and is based in Glen Allen, Virginia.

DEAL STATS #
Overall 9 of 13
Sector (Insurance) 9 of 9
Type (Add-on Acquisition) 9 of 13
Country (Bermuda) 2 of 2
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 State National Companies

Bedford, Texas, United States

State National Companies, Inc. is an insurance services company. State National is a provider of services to specialty general agents and collateralized lenders through its program services and lender services lines of business.

Buy $919M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 Brahmin Leather Works

Orlando, Florida, United States

Brahmin Leather Works, Inc. is a provider of fashion leather handbags with significant wholesale distribution and a rapidly growing direct-to-consumer business.

Buy -
Mergr

Product

Company

Legal